Indianapolis Times, Volume 44, Number 256, Indianapolis, Marion County, 6 March 1933 — Page 2

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BULLET FIRED BY ASSASSIN CLAIMS LIFE Chicago Executive Waged Brave Battle for 19 Days After Shooting. (Continued From Page One) politician he will lx; longest remembered. Cermak came to the peak of his political power in the last few years. Ills voice was a powerful factor in the Democratic national convention in Chicago last summer. Cermak's political career lasted through more than thirty years, but it was only in the last three that he rose to a dominant position in national affairs. On April 7, 1931. he was elected mayor of Chicago, decisively defeating William Hale Thompson, the colorful ' Big Bill" that nobody could beat.” Faced Gigantic Task At once the former coal miner found himself facing as difficult a task as perhaps any large city mayor ever faced. Gangsters, tax strikers, unpaid school teachers and police and other city employes played roles in the problem play of practical politic.,. Ceimak made war on the gangs. He made personal trips to New York to borrow money for relief of his financially-crippled home city. He reduced expenses to. a level unmatched in Chicago in years. He evolved plans for payment of back salaries to the teachers and city employes. And he found time for a trip to Europe last summer. There he preached the story of a new' Chicago, rising from its troubles to prepare for the World’s Fair in 1933. Visits Old Home In Czechoslovakia Cermak visited the hamlet near Prague, where he was born in 1873, and from which his parents had taken him as a toddling baby to America. The family settled in Braidwood. "Tony” Cermak went to work in the mine when he w'as 11. He drove a mule through the gloomy entries and dreamed of a day when he could visit Chicago. Although the education he got in the little school at Braidwood was only a preparation, he added to it by reading at home. At 16. Tony was a husky, likable American lad, with the stamp of Bohemia in features and voice. The time clerk at the mine had written 1 his name, "Tony Chermock,” because that was the way it was pronounced. Ambition Was Boundless Tony had caught step with the surge of the new' world tempo and his ambition was as boundless as his good nature. One day he said goori-bve to his father and mother, swung a bandana handkerchief filled With all his possessions over his shoulder! and set off, like a modern Dick Whittington, for Chicago. He wandered up the canal to the city and stopped when he saw men at work in the west side industrial district. His first job in the city, he later was to rule, was as a "tow boy” on the horse cars. Every morning he rode an old white horse to the Blue Island avenue viaduct. The rest of the day was spent helping drag the horse cars up the grade. Evenings found him reading—history, science and law'. Led Strenuous Life 7 . It was a strenuous life and sometimes a lonely one. It happened that Mary Horcjas, a milliner then 17, ate in the restaurant where young Cermak did. She was as lonely as he was. They were attracted to each other and the youth determined to marry. He was 20 and the world was his apple. But he knew he could not support a wife on the small salary he earned. He branched out as a "business man,” gathering wastewood and selling it for kind.ling. He bought the wood for $1 a load and sold it for $2.50. Then he discovered that some of the pieces were large enough for chair seats. Those length he sold for $lB a load. With his profit he bought horses ! and wagons. In five years he owned ten horses, was hiring twenty teams and employing forty men. Profits Pile Up The first real estate he owned was! the home he bought for his bride. Later, as his family increased, he moved to another house in the same vicinity. His wife died there after they had been married thirty-five years, j Mayor Cermak lived there until hisj last illiness. His three daughters and seven grandchildren visited in the home frequently. Cermak foresaw that Lawndale, the district where he had settled, j would grow, and he bought lots and buildings. His ventures were successful and! soon he started a real estate business and later, when he was 30. a building and loan association, which is still in operation. In 1910, he and associates organized two banks on the west side. Brought Into Politics Cermak’s popularity brought him into politics. After testing his political wings as precinct committeeman and ward organization president, ho was elected to the state legislature in 1902 ana was re- ' elected for three more terms. He served in the Chicago city council from 1909 to 1912 and was j re-elected in 1919 and in 1921. He retired to become president of the ; Cook county board of commissioners, the post he held when elected mayor In 1931. In 1912 he was named bailiff of the municipal court. In his first interview, after he won over William Hale Thompson. and became mayor, Cermak said: "Prohibition is responsible for our crime, our high taxes and poverty. I firmly believe that the prohibition laws will be modified within a year or two.” During the recent Democratic national convention he saw a re- j peal plank indorsed by his party. Tractor Turns Over: Farm*,- Dies Bj Tin it* fiprcial PORTLAND, Ind., March 6. Fred Homan. 35. was killed near here when the tractor with which he was plowing overturned. I

HOME—TO WHITE HOUSE—AFTER THE INAUGURATION V

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(Copyright, 1D33. NEA Service, Inc. Transmitted by Telephoto.) Here are the happy Roosevelts as they reached the White House after the inauguration ceremonies Saturday to take up'their residence in the historic mansion for the next four years. President and Mrs. Roosevelt arc accompanied by their son, James.

BANKS PONDER SCSf SYSTEM Issuance Might Be Made Against Funds Already Deposited. (Continued From Page One) eral financiers to express doubt that issuance of scrip would be necessary. That sum. with ca.-ui already in circulation, would be sufficient for temporary business operations, provided citizens resisted the temptation to hoard, it was said. It was pointed out that scrip is not unsecured currency, but is a local certificate, which must be i backed by an equivalent value. It would be possible for even an individual to issue scrip if the person to whom it was tendered was assured i of its validity. Comparison of scrip with a: mortgage was made by one banker! who compared bank deposits with a i house. "If a man owns a house and needs money, he Qbtains cash which is secured by the value of his house. A bank depositor has funds which are net liquid immediately, so he uses the account as security. "When he pays back the mortgage, | his house is released. The scrip will be taken up when actual cash is available.” Problem of making change in amounts less than the $1 certificates probably will be met by giving the bank's permission to pay silver money, nickels and pennies for scrip, it was said. Meanwhile, plans were under way in national banking circles to arrange for exchange of scrip in interstate commerce. This plan would permit obligations in New York. Chicago, or other cities to be paid irom Indianapolis. MAJOR NOMINATIONS CONFIRMED BY SENATE Three Placed in State Department; Morgenthau Is Farm Chief. By lii itt'il Press WASHINGTON. March 6 —The senate today edntirmed six major nominations submitted by President Roosevelt, then immediately adjourned sine die. The nominations confirmed were: William T. Phillips of Massachusetts to be under-secretary of state. Raymond I. Moley of Ohio to be assistant secretary of state. Wilbur J. Carr of New York to be assistant secretary of state, a position he now holds. Henry Morgenthau of New York to be chairman of the federal farm board. T. D. Webb. Nashville. Tcyn.. banker, and William F. Stevenson. Democratic congressman from South Carolina, to ue members of the federal home loan bank board. PROPERTY OWNERS WIN City's Appeal on Improvement Controversy Is Dismissed. Property owners won a fight today in circuit court halting proposed improvement of New York street, from Noble street to the Big Four railroad. Judge Earl R. Cox dismissed the city's appeal to continue with the project, when it was disclosed '.he appeal had not ben perfected properly. Attorneys for the citl declared the works board would rescind its ac- I tion approving the widening and rc- ! surfacing project. The 'board is expected to pass anew resolution. Remonstrators opposed the $60,000 project, contending H is not a public necessity and that the works board had no authority to order the work. DELAY INSULL _ HEARING Toronto Extradition Proceedings Adjourned to March 16. By United Press TORONTO. Ontario, March 6. Hearing of extradition proceedings against Martin J. Insull, former Chicago, utilities magnate, was aci- . jouineti)i today until March 16.

Zither-ite House Resolution Names Martin Official Player for State. Representative eugene MARTIN (Dem., Ft. Wayne) may add to his accomplishments that of being the house zither player through a resolution to be presented to the house by Representative Fred S. Galloway (Dem., Indianapolis). Galloway’s resolution will read: "Whereas, the house of representatives has gone on record as favoring a state Rant, the raspben y, and “Whereas, we already have chosen the wolf as the state animal, the tulip as the state tree, the zinnia as the state flower, and the cardinal as the state bird; "Now. therefore, I move you that the termite be designated as the state bug, the pussy willow as the state bud, the wild oat as the state grain, tripe as the state dish, applesauce as the state spread, boloney as the state language, the plant louse as the state insect and the zither as the state instrument. with the proviso that Representative Martin be requested to play a selection thereon.’” BACK ROOSEVELT, PLEA OF HOOVER Whole-Hearted Support Is Urged by Ex-President. I’ii l nitril Press NEW YORK, March 6.—Former President Hoover today urged whole-hearted support of his Democratic successor in the banking emergency. "The President’s proclamation should receive the whole-hearted support and co-operation of every citizen,” Mr. Hoover said, in response to newspaper requests for comment on the proclamation. COAT THIEF FINED SSOO, GIVEN 180-DAY TERM City Man. Ex-Convict, Given Heavy Sentence by Municipal Judge. An overcoat theif was punished in municipal court today- with a fine of SSOO and costs and a sentence of 180 days on the state farm. The coat since has been returned to its owner. Clair Shattuck, 31. who has been living in the 400 block East Ohio street, was arrested by detectives on a charge of petit larceny after George Russler, a New Jersey salesman had reported his overcoat stolen while in Indianapolis. Appearing before Judge William H. Seheaffer today. Shattuck admitted he had served three prison terms in Michigan and one in Indiana. The heavy sentence followed his plea of guilty. STATE BANK OPERATES Warren (Ind.) Institution Opehs for Restrictted Business. By United Press WARREN. Ind., March 6.—'The Exchange bank of Warren, a town of 2.000 population in Huntington county, opened for business todav, despite state and national proclamations declaring a four-dav banking holiday. The bank is not accepting checks on banks outside of Warren, but is accepting deposits as usual, with no restrictions on their withdrawals. Samuel Good is head of the institution. COMMITTEE TO ELECT South Side Federation of Clubs To Hold Meeting. Central committee of the South Side Federation of Civic Clubs will meet at 8 Wednesday night in the Garfield Park community house. Nomination and election of officers, postponed last month, will be held. Reports ulil be given by all stading and special committees.

THE INDIANAPOLIS TIMES

THREE ARE SLAIN IN j CLEVELAND GUN DUEL Crazed Man Is Shot Down by Detective. By United Press CLEVELAND, 0.. March 6. I Three men were killed and eight ! persons reported injured during a gun battle between police and a crazed gunman on a busy street here today. The gunman, unidentified, was one of those slain. The other dead were Roy Kneale, 42, street car inspector; and Louis Kalley, a bystander. Patrolman Herman Pahler was wounded. The gunman was wounded fatally by Detective Jay Cook. The shooting occurred in the vicinity of the Lorain Street Savings and Trust Company bank, where police said the gunman had an argument over banking matters this morning. A bank guard was the first man shot. After wounding the bank guard, the man began shooting at persons cn the street. Kalley, standing on ihe street nearby, was among the first to fall. He died within a few minutes. CIGARET TAX BILL IS ABANDONED BY BACKERS Measure. With Oleo Action. Will Die as Assembly Adjourns. Facing prospect of pocket veto, | the cigaret tax bill was abandoned ! by its backers today and, together with the oleomargarine tax measure, will be let die as the legislature adjourns tonight. Abondonment of plans for passage of the bill, introduced Saturday, i which would levy a 1-cent tax on | each ten cigarets was announced by Representative Albert Walsman i Dem., Indianapolis), one of its sponsors. Senator Anderson Ketchum 'Dem., Greensburg), Democratic floor leader and president pro tern of the senate, said the oleomargine bill will rest there. Effort to suspend the rules and pass it in the senate was balked this morning. The bill provides for a 5-cent a pound tax of oleomargarine. Both the cigaret and oleomargarine tax bills were being boomed as measures to provide millions for state poor relief. WIDOW OF PUBLISHER IS TAKEN BY DEATH Mrs. Harriet J. Scripps, 94, Dies at Home of Son. By United Press DETROIT, March 6.—Mrs. Harriet J. Scripps. 94. widow of the founder of the Detroit News, died today at the home of her son. William E. Scripps, president of the newspaper. A native of Vermont, Mrs. Scripps married James E. .Scripps on Sept. 16. 1862. It was said that her efforts were largely instrumental in her husband's decision to enter the publishing field. In addition to the son. Mrs. Scripps is survived by three daughters, Mrs. George G. Booth. Cranbook; Mrs. Edgar B. Whitcomb of Grosse Point, and Mrs. Grance Scripps Johannsen of Pasadena, Cal. Death followed a gradual decline induced by Mis. Scripps' advanced age. Funeral arrangements have not yet been completed. SAFET' FTXES TO OPEN Persons Can Get Valuable Belongings at Discreation of Banks. By United Press WASHINGTON. March 6—Persons with currency or valuables in bank safe deposit boxes will be able to get their possessions at the discretion of the individual bank, treasury officials said today. Many banks have closed their safe deposit vaults along with other departments, but are believed to have the authority to allow box i owners access to their property.

CLEARING HOUSE DEFERS ACTION ON SCRIP HERE Local Bankers Wait Word From Washington on Certificates. (Continued From Page One) even if business were limited, rather than paralyze the city's financial operations entirely, resisted pleas of the out-of-town bankers. Employes of all Indianapolis banks worked all day Sunday and far into the night on ledgers. All the banks here were prepared to open for business this morning under practically the same rules as prevailed last week, but were prevented by the proclamation. Postal Savings Halted Postal savings bank accounts are being received but not disbursed today at the local postoffice, due to the Washington proclamation. Arrangements were made to cash and serve money orders, as usual, although Postmaster Leslie D. Clancy, is awaiting definite word from Washington regarding this phase of the postal service. Telegraph companies were limiting the cashing and acceptance of telegraphic money orders to nominal sums, to prevent tying up their liquid accounts. A. A. Brown, Western Union manager, said his company had set no definite limit on the size of money orders cashed or accepted, but would consider individual cases. Collections Not Made Policy of fullest co-operation with customers was adopted today by local loan companies. Officials of several companies engaged in loaning money on automobiles, household goods, and personal property announced suspension of all efforts to make collections. With little cash on which to operate. County Clerk Glenn B. Ralston announced his office would continue attempts to collect court fines, costs and forfeitures. His office is without authority to suspend such collections, Ralston explained. This power rests with the judges and with the Governor, who may remit fines. State Officials Present The clearing house members were prevented from reaching any definite decision as to procedure Sunday night by uncertainty as to what action might be taken by the Governor or the President. The Governor's proclamation, prepared by the state banking commissioner, on instruction of McNutt, was issued a few minutes after the national moratorium proclamation as a technical protection for state banks. Among state officials attending the clearing house session were Symons; Thomas D. Barr, his assistant; Wayne Coy, secretary to the Governor; Earl D. Crawford, speaker of the house; LieutenantGovernor M. Clifford Townsend, and others. Out-of-town bankers included George Bell, Rome T. Calendar and Robert P. Kiley, Marion; Dent Mitchell, Kokomo: John Riddell, Brazil; William O. Grazier, Crown Point, and J. B. Marshall, Corbin, Meet With Symons In addition, a number of bankers from other cities conferred with Symons during the c’ay, urging a moratorium be declared. The proclamation issued by Symons follows: To all banks, trust companies, sayings banks, private banks, building and loan associations, credit unions, or other corporations, partnerships, associations or persons engaged in the business of receiving deposits, making loans discounting business paper or transacting any other form of banking business in the state of Indiana: Your attention is called to the proclamation issued under date of March 5, 1933. by Franklin D. Roosevelt, the President of the United States of America, under provisions of the act of Oct. 6. 1917 <4O Stat. L. 411) as amended, to the effect that from Monday the sixth day of March, 1933, to Thursday, the ninth day of March, 1933, both dates inclusive, there shall be maintained and observed by all banking institutions and all branches thereof located in the United States of America, a bank holiday; and Suspension Is Ordered "Now therefore, I, Luther F. Symons, bank commissioner of the state of Indiana, pursuant to authority in me vested by Sec. 10 of the act of the general assembly of the state of Indiana entitled "An Act Concerning Financial Institutions.” approved Feb. 24, 1933, do hereby order and direct that during said period, all banking transactions shall be suspended and no such banking institution or branch including all persons and financial institutions to whom this notice is addressed shall pay out, export, earmark or permit the withdrawal or transfer in any manner o r by any device whatsoever, of any gold or silver coin or bullion, or currency, or take any other action which might facilitate the hoarding thereof; nor shall any such banking Institution or branch pay out deposits, make loans or discounts, deal in foreign exchange, transfer credits from the United States to any place abroad, or transact any* other, banking business whatsoever.”

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HOLIDAY—BY ORDER OF NATION'S PRESIDENT

WHIKII n BANK i I HOLIDAY, j |g President of the United States I VS .-'inf. '<

The bank holiday notice in a downtown institution. Indianapolis today saw its banking business at a standstill under President Franklin D. Roosevelt's national moratorium declaration. Acting on official notification, doors of all banks remained closed behind placard's reading "Bank Holiday by Proclamation of the President of the United States.”

Nation’s Banks Closed by Order of Roosevelt

Plans Are Speeded for Financial Recovery by U. S. Leaders. (Continued From Page One) swift action when they convene Thursday. Heavy and unwarranted runs on banks and drain of gold through foreign demands made this temporary action necessary. It is intended to protect the interests of bank depositors. Carrying out with a far-flung sweep his promise of instant action, President Roosevelt calmly signed the proclamation in his second floor White House study as of 12:05 a. m., today. Actually it was signed about 11 Sunday night Few strokes of a presidential pen have carried such power to reach out to change the daily affairs of even the remotest housewife, going: about her family marketing. For the average man and' woman, anew kind of paper j emergency money will replace temporarily the familiar green-backed paper which has been regarded as this world's goods in the most real form. Though some cities took similar action twenty-five years ago in the 1907 money panic, this is for millions of persons the first experience with the harsh reality which substitutes the paper of a bank for that of Uncle Sam. Acts With Speed Stepping into the presidency with an unprecedented crisis on his hands, President Roosevelt acted with startling speed to meet it in an unprecedented manner. He signed the proclamation after a long, busy Sunday crammed with feverish conferences. He was sitting calmly in his quiet study. Thick carpets hushed the footsteps of advisers moving swiftly in and out. Secretary Woodin, a small, smiling man wearing a blue shirt, sat in a deep divan. Attorney-General Homer Cummings, tall, thin, with wide eyes, peered through his glasses as President Roosevelt asked him questions regarding the proclamation. Secretary of State Cordell Hull, thin-faced Tennesseean, sat' with his long legs crossed easily. Behind the plain desk, littered with a few r papers and telegrams, looking across under the shaded desk lamp, sat the President, in a blue serge business suit. Sturdyshouldered, smiling, calm, talking pleasantly, with an occasional humorous sally, he was a picture of ease and confidence. Protects the Banks As he talked, he deliberately Inserted a fresh cigaret in an ivory holder. There was little to suggest that this scene marked one of the milestones in this nation's history. “There have been heavy and unwarranted withdrawals of gold and

I'M AFRAID THAT NICE YOUNG COUPLE NEXT DOOR AREN'T HAPPY TOGETHER. SHE'S AWAY SO MUCHHE LOOKS SO WORRIED. SUCH A PITY? IF I ONLY DARED WARN HIM ABOUT ONE LITTLE THING /I CAN GUESS WHAT YOU MEAN.. ~, i,.iso

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currency from our banking institutions for the purpose of hoarding,” President Roosevelt said, in his proclamation. "Continuous and increasingly extensive speculative activity abroad in foreign exchange has resulted in severe drains on the nation's stocks of gold. “These conditions have created a national emergency. It is in the best interests of all bank depositors that a period of respite be provided, with a view to preventing further hoarding of coin, bullion, or currency or speculation in foreign exchange and permitting the application of appropriate measure to protect the interests of our people.” BANK BOOKS IN DEMAND Public Library Notices Flffect of Financial Situation. The Indianapolis public library has noticed the effect of the banking situation, it was reported today. Attendants laid that in the last week financial reference books, economic studies and statistical data have been in great demand.

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-.MARCH 6, 1933

CARY MAN IS HELD IN REAL ESTATE DEAL Obtaining of $32,000 From Four Local Women Leads to Indictment. Xen McMair. 37. Gary <lnri> financier and real ‘state operator, surrendered here today to deputy j sheriffs following his indictment by the Marion county grand jury on charges of grand larceny and obtaining money under false prej tenses. He was released shortly afterward on $5,000 bond signed by Max Farb. McMair appeared at the jail in company with his attorney. L. Ert Slack, former Democratic mayor. McMair is charged with obtaining $32,000 from four Indianapolis sis- | ters in a real estate deal involving | Gary property valued at SIOO,OOO. { The women are Misses Anna. Ln- | cia. Laura and Catherine Sickels, I 1644 North Talbot, street, who are | said to have turned over $32,000 in * government securities to McMair in I the belief they would hold clear title to the property. It is alleged that the women later learned the money was only a down payment, and that now they are faced with foreclosure and loss of the entire amount, described as "all they have in the world.” The money was left to the women from their father's estate. McMair is alleged to have told them they "never would have to pay more.” The transaction, conducted in the name of Miss Anna Sickels. wdio is secretary of the First Presbyterian church here, is | said to have been completed in ] June, 1930. The women are represented by I Will H. Remy, former prosecuting j attorney. TROOPS RULE IN GREECE Martial Law Declared After Government Loses Election. fill l nit(d Pr( ** ATHENS. Greece. March 6.—Martial law and a dictatorship were proclaimed today by General Plastiras j after a general election in which the j government was defeated, i Plastiras said his action was taken to annihilate Communism and secure public order. Auto Accessories Stolen Theft of auto accessories worth $550 from a storeroom at 938 Fletcher avenue, Sunday night, was reported to police today by Carl B. Coombs, propiretor.